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Print Print 2008-05-30

Closing stock market indices

Major stock markets outside the United States ended on Thursday.
Published May 30, 2008

Major stock markets outside the United States ended on Thursday.
EUROPE STOCK EXCHANGE: European shares rose, driven by a rally in energy stocks as the price of crude oil held firm, while gains in the broader markets were tempered by new worries about the banking sector.
German utility E.ON was the largest individual positive influence on the broader market, rising 2.8 percent. Oil majors BP and Total followed closely behind, rising 1.2-1.5 percent. Crude oil futures fell below $130 after European market hours.
Data confirming the US economy grew faster than originally reported in the first quarter dragged the European market out of negative territory as the figures helped soothe concern about the outlook for the world's largest economy. The FTSEurofirst 300 index of top European shares ended 0.3 percent higher at 1,330.28 points, having swung earlier between a loss of 0.2 percent and a gain of 0.8 percent.
FRANKFURT STOCK EXCHANGE: The DAX index ended at 7,055.03 points, up 21.19 or 0.30 percent.
PARIS STOCK EXCHANGE: The CAC-40 index closed at 4,975.9 points, up 4.79 or 0.10 percent.
ZURICH STOCK EXCHANGE: The Swiss market index closed at 7,541.76 points, up 67.26 or 0.90 percent.
MILAN STOCK EXCHANGE: The All Share Mibtel index closed at 25,303 points, up 28 or 0.11 percent.
SYDNEY STOCK EXCHANGE: Shares rose 1.09 percent, boosted by energy firms such as Woodside Petroleum on higher oil prices, while Santos Ltd surged 11 percent after it signed a liquefied natural gas deal with Malaysia's Petronas. The S&P/ASX 200 index rose 61.3 points to close at 5,709.4.
JOHANNESBURG STOCK EXCHANGE: Government bond yields surged and banking shares dived, while the rand rallied on speculation of an aggressive interest rate hike next month. The All-share index closed at 31,894.2 points, down 314.76 or 0.98 percent. The All Gold index closed at 2,342.1 points, down 88.5 or 3.64 percent, while the Industrial index closed at 21,289.6 points, down 59.52 or 0.28 percent.

Copyright Reuters, 2008

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